Can someone help me understand the car rental laws in Ontario and the rest of Canada?

Can someone help me understand the car rental laws in Ontario and the rest of Canada?

I have the optional coverage added to my Bank of Montreal MasterCard for car rentals. Full details can be found here.http://www3.bmo.com/mosaik_images/silver_travelprotection_en.pdfIt says I must decline the Collision Damage Waiver or Loss Damage Waiver from the Car Rental company. When I ask the car rental agencies for a breakdown of their insurance I never get a straight answer.In summary the benefits are:Coverage BenefitsSubject to the terms and conditions, You are covered for:1. damage to the Rental Car- and2. theft of the Rental Car or any of its respective parts or accessories- and3. rental agency charges for valid loss-of-use while the Rental Car is being repaired- and4. reasonable and customary charges for towing the Rental Car to the nearest available facility.This coverage does not provide any form of third party automobile, property damage or personal injury liability insurance.What exactly does the last line mean? "-coverage does not provide any form of third party automobile, property damage or personalinjury liability insurance."-One person at a car rental company said that the rental company covers everyone for third party damage and liability under their own insurance and the extra insurace is not neccessary as BOM would cover the rental car. When I researched it online, it seems many people think their own car insurance covers them. Is this true? I do not own a car and do not have regular auto coverage. I plan on a renting a lot of cars in the next 6 months and the savings could be significant if I go without the rental agency coverage. But I'-m uncertain if I would be responsible for third party damage/liability if I decline the coverage.Can someone help clarify this for me?

bestcarr

I checked with Avis Car Rental (as an example) and the following information was listed on their website:"Avis provides liability coverage for its vehicles as required by applicable law. In most instances, this will include basic public liability coverage for the renter or authorized driver up to the minimum financial responsibility limits of the applicable jurisdiction at no additional charge. In some locations the liability coverage which is provided is secondary to any other applicable coverage.This means the renters personal liability insurances used first and the Avis protection will not apply until the renter or drivers insurance, if any, has been exhausted."Liability coverage basically covers other people, other property and other vehicles... not the rental car.Basically this means that third party liability and property damage insurance would be include in the rate that you pay for the rental.I checked with Ontario law to get some specifics for you to make sure that this information is applicable to all car rental companies in the province."The Ontario government ...states.... that the personal auto insurance policy of a renter covers them for liability arising from the use of rental vehicles.Vehicle rental firms provide insurance coverage on vehicles for renters who do not have personal auto insurance in Ontario."The average level of liability coverage on an Ontario personal auto policy is bestcarr

I checked with Avis Car Rental (as an example) and the following information was listed on their website:"Avis provides liability coverage for its vehicles as required by applicable law. In most instances, this will include basic public liability coverage for the renter or authorized driver up to the minimum financial responsibility limits of the applicable jurisdiction at no additional charge. In some locations the liability coverage which is provided is secondary to any other applicable coverage.This means the renters personal liability insurances used first and the Avis protection will not apply until the renter or drivers insurance, if any, has been exhausted."Liability coverage basically covers other people, other property and other vehicles... not the rental car.Basically this means that third party liability and property damage insurance would be include in the rate that you pay for the rental.I checked with Ontario law to get some specifics for you to make sure that this information is applicable to all car rental companies in the province."The Ontario government ...states.... that the personal auto insurance policy of a renter covers them for liability arising from the use of rental vehicles.Vehicle rental firms provide insurance coverage on vehicles for renters who do not have personal auto insurance in Ontario."The average level of liability coverage on an Ontario personal auto policy is $1million. This is the level of public liability coverage that you get from the rental company as you do not have your own coverage.So basically, your credit will cover loss or damage or theft to the rental car and basic public liability and property damage, as required by the province of Ontario, is inlcluded in your rental rate.To give you an example if you were in the rental car and ran over the curb and knocked over someone's mailbox, ran over their foot, backed into their car and dinged up the fender of the rental car.... the liability coverage included in your rate would cover the damaged mailbox, the injured food and the damage to the poor soul's car! Your credit card would cover the damage to the fender of the rental car.You need not purchase any coverages.Hope this information helps! For more car rental tips visit http://www.best-car-rental-tips.comSource(s):http://www.avis.comhttp://www.fsco.gov.on.ca/english/insura…

million. This is the level of public liability coverage that you get from the rental company as you do not have your own coverage.So basically, your credit will cover loss or damage or theft to the rental car and basic public liability and property damage, as required by the province of Ontario, is inlcluded in your rental rate.To give you an example if you were in the rental car and ran over the curb and knocked over someone's mailbox, ran over their foot, backed into their car and dinged up the fender of the rental car.... the liability coverage included in your rate would cover the damaged mailbox, the injured food and the damage to the poor soul's car! Your credit card would cover the damage to the fender of the rental car.You need not purchase any coverages.Hope this information helps! For more car rental tips visit http://www.best-car-rental-tips.comSource(s):http://www.avis.comhttp://www.fsco.gov.on.ca/english/insura…

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